Xencor Inc
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
XNCR$39.39+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | ||||
| Collaborations, milestones, and royalties | $116,520 | $20,999 | $172,257 | $97,339 |
| Operating expenses: | ||||
| Research and development | 84,297 | 54,367 | 220,871 | 174,610 |
| General and administrative | 9,359 | 14,151 | 43,452 | 46,603 |
| Total operating expenses | 93,656 | 68,518 | 264,323 | 221,213 |
| Operating income (loss) | 22,864 | (47,519) | (92,066) | (123,874) |
| Other income (expense): | ||||
| Interest income | 4,897 | 6,538 | 15,156 | 21,324 |
| Interest expense | (4,114) | (7,665) | (16,166) | (24,573) |
| Gains (losses) on equity securities, net | 15,201 | 44,201 | (18,664) | 50,109 |
| Asset impairment charges | — | (1,565) | (797) | (8,288) |
| Other, net | 413 | (17) | 1,243 | (65) |
| Total other income (expense) | 16,397 | 41,492 | (19,228) | 38,507 |
| Income (loss) before income tax (benefit) expense and noncontrolling interest | 39,261 | (6,027) | (111,294) | (85,367) |
| Income tax (benefit) expense | (175) | — | (85) | 117 |
| Net income (loss) including noncontrolling interest | 39,436 | (6,027) | (111,209) | (85,484) |
| Net loss attributable to noncontrolling interest | — | — | — | (214) |
| Net income (loss) attributable to Xencor, Inc. | $39,436 | $(6,027) | $(111,209) | $(85,270) |
| Net income (loss) per share attributable to Xencor, Inc.: | ||||
| Basic | $0.52 | $(0.08) | $(1.47) | $(1.15) |
| Diluted | $0.50 | $(0.08) | $(1.47) | $(1.15) |
| Weighted-average shares used in calculating net income (loss) per share: | ||||
| Basic | 76,215 | 74,413 | 75,777 | 74,122 |
| Diluted | 78,353 | 74,413 | 75,777 | 74,122 |
| Other comprehensive income (loss), net of tax: | ||||
| Net unrealized (loss) gain on marketable debt securities | (1,653) | 900 | (4,101) | 1,821 |
| Comprehensive income (loss) | $37,783 | $(5,127) | $(115,310) | $(83,663) |
| Less: comprehensive loss attributable to the noncontrolling interest | — | — | — | (214) |
| Comprehensive income (loss) attributable to Xencor, Inc. | $37,783 | $(5,127) | $(115,310) | $(83,449) |
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